Stelmar Shipping Delivers Jademar

Tuesday, March 12, 2002
Stelmar Shipping Ltd., announced that it has taken delivery of the Jademar, a newly built 69,697 dwt Panamax tanker from the Daewoo Shipbuilding and Marine Engineering Company Ltd of South Korea. The Jademar has entered into a previously announced 24-month time charter with Adam Maritime Corporation. The Jademar is a sister ship of the Pearlmar, which was delivered in January and also entered into a previously announced twenty four month time charter with Adam Maritime Corporation. Peter R. Goodfellow, Chief Executive Officer and President commented, ``With the delivery of the Jademar, Stelmar has successfully received delivery of three tankers in a series of five newbuildings for 2002 and have deployed all the ships on time charters. We expect to complete the newbuilding program for 2002 in the second quarter and receive delivery of two more Panamax tankers.'' Goodfellow continued, ``Including the newbuildings, Stelmar now has twenty-two vessels on time charter. Stelmar has secured almost 67 percent of its 2002 net operating days on time charters, and 39 percent for 2003. In addition to providing the Company and shareholders with increased earnings visibility from the additional time charter coverage, the newbuilding program has reduced the average age of our fleet to approximately seven years.'' Including the two other Panamax tankers, which are all scheduled to be delivered during the second quarter of 2002, Stelmar has 27 ships with a total of 1,528,438 dwt cargo carrying capacity. The fleet, together with the newbuildings, includes nine double hull and eight double side Handymax product tankers, six double hull Panamax tankers, three double hull and one single hull Aframax tankers, with an average age of approximately seven years.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MacGregor Deck Equipment for Intership's Eco-bulkers

MacGregor, part of Cargotec, has secured a deck equipment contract from New Times Shipyard in China for Intership Navigation Co Ltd.'s three new 36,500 dwt laker-class bulk carriers.

Seacor Takes Delivery of 10,800 HP Crewboat

Seacor Marine is building ever larger and more powerful mono-hull crew/supply boats. The first of these to be delivered is the 202x34-foot Alex F. McCall with some very impressive statistics.

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2155 sec (5 req/sec)